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SBA 7(a) record
Choice Financial Group: SBA 7(a) loans made
Choice Financial Group, a bank based in Fargo, ND, made 86 SBA 7(a) loans in the 36 months ending September 30, 2026, $45.5M in all, net of cancelled approvals. The typical loan was about $250K, and 18 were in the last 12 months. Most were in Minnesota.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 86
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $45.5M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $250K
- SBA FOIA,
- Largest loan
- $5M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 18
- SBA FOIA,
Cite this
Source: The Lender Report, Choice Financial Group: SBA 7(a) loans made, https://lender.report/lender/choice-financial-group-nd/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Minnesota | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $5M | 8% | 5 yr | SBA FOIA | |
| Sep 2026 | Minnesota | SBA 7(a), Retail Bakeries | $1.7M | 8% | 10 yr | SBA FOIA | |
| Aug 2026 | North Dakota | SBA 7(a), Manufacturing | $3.2M | 7.25% | 25 yr | SBA FOIA | |
| Aug 2026 | Minnesota | SBA 7(a), All Other Miscellaneous Schools and Instruction | $380K | 8.5% | 8 yr | SBA FOIA | |
| Jul 2026 | Arizona | SBA 7(a), Food (Health) Supplement Retailers | $350K | 8.75% | 8 yr | SBA FOIA | |
| Jun 2026 | Minnesota | SBA 7(a), Wholesale Trade Agents and Brokers | $160K | 7.75% | 5 yr | SBA FOIA | |
| Jun 2026 | Minnesota | SBA 7(a), Wholesale Trade Agents and Brokers | $150K | 8.75% | 6 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Retail Bakeries | $400K | 9% | 10 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), All Other Specialty Trade Contractors | $280K | 7.75% | 13 yr | SBA FOIA | |
| Apr 2026 | Minnesota | SBA 7(a), Home Health Care Services | $1M | 7.25% | 5 yr | SBA FOIA | |
| Apr 2026 | Minnesota | SBA 7(a), Home Health Care Services | $500K | 7.25% | 10 yr | SBA FOIA | |
| Mar 2026 | Minnesota | SBA 7(a), Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | $770K | 7.25% | 5 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $230K | 8.5% | 7 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | $220K | 7.25% | 5 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Health Care and Social Assistance | $190K | 9% | 7 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Vending Machine Operators | $150K | 8.75% | 7 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Other Miscellaneous Nondurable Goods Merchant Wholesalers | $150K | 9% | 7 yr | SBA FOIA | |
| Dec 2025 | North Dakota | SBA 7(a), Limited-Service Restaurants | $1.1M | 8% | 10 yr | SBA FOIA | |
| Sep 2025 | Minnesota | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $1.7M | 8.75% | 10 yr | SBA FOIA | |
| Aug 2025 | Minnesota | SBA 7(a), Pet Care (except Veterinary) Services | $820K | 10% | 10 yr | SBA FOIA | |
| Apr 2025 | Minnesota | SBA 7(a), Sports and Recreation Instruction | $500K | 10% | 10 yr | SBA FOIA | |
| Apr 2025 | Minnesota | SBA 7(a), All Other Miscellaneous Manufacturing | $430K | 7.25% | 6 yr | SBA FOIA | |
| Apr 2025 | Minnesota | SBA 7(a), Manufacturing | $250K | 8% | 10 yr | SBA FOIA | |
| Apr 2025 | Minnesota | SBA 7(a), Mobile Food Services | $110K | 9% | 7 yr | SBA FOIA | |
| Mar 2025 | Minnesota | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $3M | 7.5% | 1 yr | SBA FOIA | |
| 86 SBA 7(a) loans since October 2023, net of cancelled | $45.5M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Minnesota | 68 | $35.6M |
| North Dakota | 14 | $8.10M |
| Arizona | 1 | $350K |
| Colorado | 1 | $190K |
| South Dakota | 1 | $1.00M |
| Wisconsin | 1 | $210K |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 17 | $1.46M |
| $150K to $350K | 31 | $6.34M |
| $350K to $1M | 27 | $14.6M |
| $1M to $2.5M | 7 | $9.20M |
| $2.5M or more | 4 | $13.9M |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 11 | $8.46M |
| 2024 Q1 | 10 | $3.29M |
| 2024 Q2 | 12 | $3.79M |
| 2024 Q3 | 12 | $2.20M |
| 2024 Q4 | 5 | $780K |
| 2025 Q1 | 12 | $7.25M |
| 2025 Q2 | 4 | $1.29M |
| 2025 Q3 | 2 | $2.52M |
| 2025 Q4 | 1 | $1.10M |
| 2026 Q1 | 6 | $1.71M |
| 2026 Q2 | 6 | $2.49M |
| 2026 Q3 | 5 | $10.6M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Manufacturing | 9 |
| Fitness and Recreational Sports Centers (713940) | 6 |
| Full-Service Restaurants (722511) | 6 |
| Limited-Service Restaurants (722513) | 4 |
| Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (423310) | 4 |
| Manufacturing | 3 |
| Other Miscellaneous Durable Goods Merchant Wholesalers (423990) | 3 |
| Professional, Scientific, and Technical Services | 3 |
| Retail Bakeries (311811) | 3 |
| Wholesale Trade Agents and Brokers (425120) | 3 |
| Administrative and Support and Waste Management and Remediation Services | 2 |
| All Other Personal Services (812990) | 2 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Preferred Lenders Program | 57 |
| SBA Express Program | 26 |
| 7(a) WCP | 1 |
| 7a General | 1 |
| 7a with EWCP | 1 |
- Choice Financial Group made 86 SBA 7(a) loans totaling $45.5M in the 36 months ending September 30, 2026, net of cancelled approvals, in 6 states. SBA FOIA,
- 18 of them were in the 12 months to September 30, 2026, and 23 in the 12 months before. SBA FOIA,
- The typical loan was about $250K, with the middle half between $150K and $500K. SBA FOIA,
- The largest was about $5M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 17 loans were under $150K, and 11 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 9.00% on 86 loans, with the middle half between 8.00% and 10.00%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Manufacturing, with 9. SBA FOIA,
- The SBA file lists 57 of its loans as processed under Preferred Lenders Program. SBA FOIA,
- Its loans were most often in Minnesota (68), North Dakota (14) and Arizona (1). SBA FOIA,
What we don't know
- Whether Choice Financial Group is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.